HomeMy WebLinkAbout5.2 A Resolution Authorizing the Payment to the Mount Prospect Public LibraryBoardDocs® Pro
Agenda Item Details
Meeting
Category
Subject
Access
Type
Preferred Date
Absolute Date
Dollar Amount
Budgeted
Recommended Action
Public Content
Page I of 2
Dec 04, 2018 - REGULAR MEETING OF THE MOUNT PROSPECT VILLAGE BOARD - 7:00 p.m.
REVISED 12-03-2018
5.2 A RESOLUTION AUTHORIZING THE PAYMENT TO THE MOUNT PROSPECT PUBLIC LIBRARI
UNDER THE TERMS OF A GROUND LEASE AGREEMENT
= R
Action (Consent)
Dec 04, 2018
Dec 04, 2018
1.00
W
The Village Board pass the accompanying Resolution authorizing the annual lease payment to the
Mount Prospect Public Library.
Information
In December 2002, the Village entered into a ground lease with the Mount Prospect Public Library to facilitate the construction
of a multi-level parking structure. The parking structure was built partially on Library property and partially on Village property.
The structure benefits both the Library and Village as well as the downtown business district. This resolution authorizes the
payment to the Mount Prospect Public Library the annual lease amount pursuant to the agreement and reports on compliance
for both the Village and Library with all material terms of the lease. The annual lease payment is $1.00.
Alternatives
1. Pass a resolution authorizing the annual lease payment of $1.00 to the Mount Prospect Public Library for property used for
the Municipal Parking Garage.
2. Action at discretion of Village Board.
Staff Recommendation
It is recommended that the Village Board pass the accompanying Resolution authorizing the annual lease payment to the Mount
Prospect Public Library
I01.8.pdf (1.3 KB)
....,easpy
e mt, 1-ibrary & VOMP,parki�r -ig2
..............
Administrative Content
Executive Content
https://www.boarddocs.com/il/vomp/Board.nsf/Private?open&login 12/5/2018
BoardDocs® Pro
Page 2 of 2
All items
• Consent Agenda are considered routine by the Village Board and will be enacted by one motion. There will be no
separate discussion of those items unless a Board member or member from the audience so requests, in which the item will be
removed from the Consent Agenda and considered in its sequence on the agenda.
Motion & Voting
Motion by Paul Hoefert, second by Richard Rogers.
Final Resolution: Motion Carries
Yea: William Grossi, Eleni Hatzis, Paul Hoefert, Richard Rogers, Colleen Saccotelli, Michael Zadel
https://www.boarddocs.com/il/vomp/Board.nsf/Private?open&login 12/5/2018
RESOLUTION NO.
A RESOLUTION AUTHORIZING PAYMENT TO THE MOUNT PROSPECT PUBLIC LIBRARY
UNDER THE TERMS OF A GROUND LEASE AGREEMENT
WHEREAS, on November 6, 2002, the Village of Mount Prospect ("the Village") and the Mount
Prospect Public Library ("the Library") entered into a Ground Lease Agreement (the "Lease")
providing, among other things, for the Village to lease certain property ("Property") from the Library;
and
WHEREAS, the Village has caused its attorney and staff to review the terms of the Lease and the
current status of the Property and its usage; and
WHEREAS, the attorney and staff have reported that both the Village and the Library are in
substantial compliance with all material terms of the Lease; and
WHEREAS, the Mayor and Board of Trustees have determined that it is in the best interests of the
Village and its residents to assure that there is continued compliance with the Lease.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE
VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That the parties are in substantial compliance with all material terms of the Lease.
SECTION TWO: That the Mayor and Board of Trustees authorize the Village Director of Finance to
pay the Library such sums as are due pursuant to the Lease.
SECTION THREE: That this Resolution shall be in full force and effect from and after its passage
and approval in the manner provided by law.
AYES:
NAYS:
ABSENT:
PASSED and APPROVED this 4th day of December 2018
Arlene A. Juracek
Mayor
ATTEST:
Karen M. Agoranos
Village Clerk
H:\CLKO\WIN\RESOLUTION\Lease pymt, Library & VOMP,parking2018.doc